Rotherham Titans insist their failure to secure a move to Millmoor will not jeopardise hopes of a return to the Premiership.
The South Yorkshire outfit had been striving to forge a deal which would enable them to redevelop the town’s vacant football stadium and enhance prospects of achieving top-flight rugby.
But, after several months of discussions with the owners and council, they have accepted defeat in their bid.
Ahead of today’s British & Irish Cup tie against Ulster at Clifton Lane, Titans chief executive Rob Hannon admitted: “All concerned have worked tirelessly to try and make this project happen, but regrettably a commercially viable solution could not be found.
“I know the directors would like to thank (owners) Ken and James Booth as well as Roger Stone and Martin Kimber of the council, for all their help and endeavours.
“We are all disappointed that we could not find a way forward.
“However, we have all had to weigh up the commercial aspects, which of course are made more difficult in this current economic environment.”
Hannon maintained: “We have been in discussions with other grounds and those negotiations are still ongoing. I am certain that should we succeed in our goal and ambition of becoming a Premier League club, we will have various options of grounds that meet the RFU criteria.
“We know many of the fans will also be disappointed with this news but I’m sure they will understand that the future financial security of the club is our prime concern.
“We have made great progress these past six months and still have a lot of work to do.
“The ground is just one aspect of the business and there is still plenty to do on the day-to-day operations and development of the club.”